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Ynys Môn MP calls for option for railways to be run ‘not-for-profit’

Ynys Môn MP calls for option for railways to be run ‘not-for-profit’

This week in Parliament Albert Owen MP called for an overhaul of the UK’s tendering process for railway franchising.

“Currently the profits from our railways are going straight into the pockets of shareholders and other state-owned foreign companies, leaving our network suffering from low infrastructure investment, and rolling stock that is seriously out of date. The customer gets a raw deal.

“The West Coast Main Line franchise fiasco in 2013 cost the taxpayer nearly £50m to fix, and now the cost of bailing out Virgin East Coast is likely to run into the hundreds of millions.

“Instead of this broken system, I am calling for our trains to be not-for-profit – like Dŵr Cymru – to allow for our network to be invested in, rolling stock replenished and greater accountability regarding the reliability of services – a true people’s railway to improve connectivity across the whole of Britain.”

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